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Dimitry Braverman pled guilty in New York federal court in November to securities fraud, admitting he traded ahead of mergers and acquisitions on which Wilson Sonsini was advising. (Credit: AP)

BREAKING: Ex-Wilson Sonsini Employee Gets 2 Years For Insider Trading

A New York federal judge sentenced a former Wilson Sonsini Goodrich & Rosati PC information technology employee to two years in prison Wednesday for trading on inside information about the firm’s clients, calling it a “crime of temptation.”

  • Pa. Congressman Charged In Embezzlement Scheme

    U.S. Rep. Chaka Fattah Sr., D-Pa., was slapped with federal charges on Wednesday in connection with a series of schemes including allegations that he misappropriated hundreds of thousands of federal grant money, charitable donations and campaign contributions to repay debts associated with his failed Philadelphia mayoral bid in 2007.

  • US Steelmakers File Massive Trade Case Against 8 Nations

    A coalition of domestic steel producers on Tuesday lodged an immense trade complaint with the U.S. government, demanding remedial tariffs on steel products used in the automotive and construction industries originating from eight trading partners, including China, South Korea and Brazil.

  • NFL Goes On Offense In Pushing Deflategate To Federal Court

    The National Football League went on the offensive Tuesday to kick off what's likely to be a contentious federal court battle after Commissioner Roger Goodell's much-anticipated decision to uphold New England Patriots quarterback Tom Brady’s four-game suspension for his part in "Deflategate."

  • Forced Arbitration Brings Stay, Not Dismissal, 2nd Circ. Says

    The Second Circuit on Tuesday deepened the appellate split on whether compelled arbitration should dismiss or stay lawsuits, finding that a customer's proposed class action accusing Verizon Wireless Inc. of concealed billing practices should be paused while the two sides go to mediation.

  • Judge Slashes $150M Jury Award After Fatal Jeep Fire Trial

    A judge reduced a Georgia jury's award against Fiat Chrysler LLC to the parents of a boy who burned to death in a Jeep Grand Cherokee from $150 million to $40 million, after the parents indicated they'd accept a "reasonable" reduction of that award.

  • Texas Court Won't Revive $1B Entergy Theft Claims

    A Texas appeals court Tuesday affirmed its decision to void class certification and claims in a $1 billion Texas Theft Liability Act suit against Entergy Corp. for allegedly inflating electric bills through an energy-purchasing scheme.